IFRS17 Investor Presentation

IFRS17 Investor Presentation

PICC Group

April 2023

Contents

01 02 03

GroupP&CLife

2

Highlights

3

Small Impact on Insurance Service Revenue

• Less impact on PICC, which focuses on P&C
• • Less impact on recognition of insurance service revenue of P&C business
  • PICC P&C mainly subject to PAA model
  • In 2022, insurance service revenue under new standards as almost 76% of that under old ones

4

No Material Financial Impact

• No material financial impact despite changed A/L measurement
• • Total assets and liabilities slight less v. old standards
  • Slightly more shareholder's equity under new ones, with small delta

旧准则 Old Standards 新准则 New Standards

旧准则新准则

5